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Committee highlights $123 million for hospital buybacks in legislative package
Summary
Chairman Hicks told the Finance, Ways and Means Subcommittee that hospital buybacks are the largest legislative initiative in the FY27 package, with $79.8 million from the general fund and $43.2 million in recurring dollars through shared savings, included in HB 2,631 as amended.
Hospital buybacks were identified as the largest single legislative initiative in House Bill 2,631 during the Finance, Ways and Means Subcommittee meeting.
Chairman Hicks said the package includes "$79,800,000 in general fund dollars and $43,200,000 in recurring dollars through shared savings" to support hospitals, and later referenced a related $123,000,000 appropriation figure for buybacks. He described the funding as part of the package of legislative priorities added during committee consideration.
The committee adopted three amendments to HB 2,631 before forwarding the bill to full finance; the final passage was recorded as 11 ayes and 1 no. Hicks stood to answer questions after his presentation but did not offer additional subcommittee amendments on hospital buybacks during the meeting.
